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A controversial Sushi DAO treasury proposal has passed an initial signal vote. The governance proposal suggests transferring more than $40 million in DAO-controlled treasury assets to a new vault managed by Sushi Labs.
Stepn has been distributing bonus points that are worth roughly $30 million if exchanged for GMT tokens. The move-to-earn app said it is on the verge of announcing a partnership with a major shoe and apparel company.
The global crypto landscape is undergoing a significant transformation as Hong Kong prepares to introduce spot Bitcoin ETFs this month.
The bitcoin price fell below the $69,000 mark as traders await today’s U.S. CPI reading.A soft print can potentially affect the likelihood of a June rate cut by the Fed, although the market currently expects the chances of such an outcome to be just over 50%.